SeaComm Federal Credit Union OFFICIAL BLOG

Three Car Buying Myths

Most car buying myths are harmless, but can end up costing you both time and money. Continue reading to learn three myths, busted!

Paying cash will get you a better price. “Cash is king” is true in some cases, but not when buying a new car! Most people think paying for a car in cash is better, simply because you don’t have to pay interest. But it isn’t wise to take money from your savings and apply it to the purchase of a vehicle, as that money could be earning you interest! Unless you are a multi-millionaire, financing a vehicle makes perfect sense for your wallet. Speak with a SeaComm representative today about your new/used auto loan financing options. Call us at (800) 764-0566 or visit your nearest SeaComm branch location.

You need to buy now or the deal will go away. Unless the vehicle you’ve found is in limited supply, the odds are good that you’ll be able to find a similar deal the following week or even next month! Purchasing a vehicle is a major financial decision, therefore, you should take your time test driving cars and finding the overall best deal for your wallet.

You have to go “in person” to find the right vehicle. Contrary to what you may have been told, you can actually find your dream vehicle from the comfort of your phone, tablet or computer! SeaComm’s online auto buying center, Garage Gizmo, allows you to browse through an extensive catalog of vehicles at local dealerships. You are able to narrow down your search by vehicle make, model, fuel type, color, and more specifications. Click here to start browsing!